Algonquin Power & Utilities Corp. (TSE:AQN) has received an average recommendation of “Buy” from the ten ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$15.28.

Several equities research analysts have issued reports on the stock. National Bank Financial raised their price target on shares of Algonquin Power & Utilities from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a research note on Thursday, November 16th. TD Securities raised their price target on shares of Algonquin Power & Utilities from C$15.00 to C$16.00 in a research note on Tuesday, October 24th. Raymond James Financial raised their price target on shares of Algonquin Power & Utilities from C$15.00 to C$16.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 11th. CIBC raised their price target on shares of Algonquin Power & Utilities from C$15.50 to C$16.00 in a research note on Monday, November 13th. Finally, Scotiabank reaffirmed an “outperform” rating and set a C$15.50 price target on shares of Algonquin Power & Utilities in a research note on Monday, November 13th.

Shares of Algonquin Power & Utilities (TSE AQN) opened at C$14.14 on Monday. Algonquin Power & Utilities has a 12 month low of C$10.88 and a 12 month high of C$14.40.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a $0.15 dividend. The ex-dividend date is Thursday, December 28th. This is a boost from Algonquin Power & Utilities’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 4.24%. Algonquin Power & Utilities’s dividend payout ratio (DPR) is currently 123.12%.

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About Algonquin Power & Utilities

Algonquin Power & Utilities Corp. (APUC) is a Canada-based company engaged in owning and operating a portfolio of regulated and non-regulated generation, distribution and transmission utility assets. APUC’s operations are organized across three business units consisting of Generation, Transmission and Distribution.

Analyst Recommendations for Algonquin Power & Utilities (TSE:AQN)

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